Upside risk the economy creating headwinds for gold price – USBWM’s Haworth

Rob Haworth, a senior investment strategist at U.S Bank Wealth Management, said that he is negative on gold through 2021 as the U.S.

There is still a lot of uncertainty surrounding the long-term impact the COVID-19 pandemic will have on economic activity, helping to stabilize gold above $1,700 an ounce.

Haworth added that the most significant risk he sees in the market is that strong economic growth and rising inflation forces the Federal Reserve to tighten monetary policy sooner than expected.

However, for investors who are looking for exposure to commodities, Haworth said that he would look at base metal producers.

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